(NUBL) NuMobile Anticipates Strong 4th Qtr., Laying Groundwork for 2011 Success With Anticipated Rapid Expansion in China and Africa


FORT WORTH, TX--(Marketwire - November 4, 2010) -  NuMobile, Inc. (OTCBB: NUBL) today announced a Webcast scheduled for Monday, November 8th to present a preview of milestone events anticipated in the 4th quarter of 2010.

"NuMobile's strategy to acquire and develop a portfolio of software applications for the smartphone and mobile computing market is beginning to solidify and show meaningful potential," said David Lee, incoming CEO. "We have a number of developments now coming to fruition and anticipated to close in the fourth quarter laying the groundwork for rapid expansion in 2011."

NuMobile Developments

NuMobile is in the final stages of completing the acquisition of a Kenya-based mobile wallet operation expected to add $5 million in annualized revenue initially and support NuMobile's plans to achieve $20 million in annual revenue in 2011.

NuMobile has been selected by fellow Greenfield partner China Crescent Enterprises, Inc. (OTCBB: CCTR) to provide a key proprietary software component for a special purpose Wi-Fi communication device. The customer, an undisclosed Japanese firm, has already placed a $1.6 million purchase order for 100 sets of the device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 sets.

In addition to the Wi-Fi project, NuMobile has partnered with Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) on a wireless, real-time utilities metering initiative in East Africa. Savanna East Africa is another Greenfield partner company that NuMobile has worked with to expand its reach into the East African Markets. Incoming CEO Lee recently returned from a business development Trade Mission to Kenya hosted by Savanna. A link to the Webcast scheduled for Monday will be published to NuMobile's website and emailed to the NuMobile opt-in email database upon release.

NuMobile Information and Email Newsletter
 
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About NuMobile, Inc. (www.numobileinc.com)
 
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

Contact Information:

Contact:
NuMobile, Inc.
Sales
817-410-5735